**Exhibit 11**

 

**IBIS TECHNOLOGY CORPORATION**

# **STATEMENT RE: COMPUTATION OF PER SHARE LOSS**

 
| ** **                                             | ** ** | **Years ended December 31,** | ** ** |
|--------------------------------------------------------|------------|---------------------------------------------|------------|
| ** **                                             | ** ** | **2005**                                    | ** ** | **2006** | ** ** | **2007** | ** ** |
| ** **                                             | ** ** | **Diluted**                                 | ** ** | **Basic** | ** ** | **Diluted** | ** ** | **Basic** | ** ** | **Diluted** | ** ** | **Basic** | ** ** |
|                                                   |       |                                        |       |   |   |   |   |   |   |   |   |   |   |
| Income (loss)  from:                                   |       |                                        |       |   |   |   |   |   |   |   |   |   |   |
| Continuing  operations                                 |       | $                                           | (9,460,547 | ) | $ | (9,460,547 | ) | $ | 404,885 |   | $ | 85 |   | $ | (8,539,812 | ) | $ | (8,539,812 | ) |
| Discontinued  operations                               |       | 215,242                                     |       | 215,242 |   | — |   | — |   | — |   | — |   |
| Net income  (loss)                                     |       | (9,245,305                                  | )          | (9,245,305 | ) | 404,885 |   | 85 |   | (8,539,812 | ) | (8,539,812 | ) |
| Weighted average  common shares outstanding            |       | 10,737,924                                  |       | 10,737,924 |   | 10,853,304 |   | 10,853,304 |   | 13,410,938 |   | 13,410,938 |   |
|                                                   |       |                                        |       |   |   |   |   |   |   |   |   |   |   |
| Potential common  share equivalents                    |       | —                                      |       |   |   | 126,479 |   |   |   | — |   |   |   |
| Weighted average  shares outstanding                   |       | 10,737,924                                  |       |   |   | 10,979,783 |   |   |   | 13,410,938 |   |   |   |
|                                                   |       |                                        |       |   |   |   |   |   |   |   |   |   |   |
| Earning (loss)  per common share and share equivalents |       |                                        |       |   |   |   |   |   |   |   |   |   |   |
| Continuing  operations                                 |       | $                                           | (0.88      | ) | $ | (0.88 | ) | $ | 0.04 |   | $ | 0.04 |   | $ | (0.64 | ) | $ | (0.64 | ) |
| Discontinued  operations                               |       | 0.02                                        |       | 0.02 |   | — |   | — |   | — |   | — |   |
| Net income (loss)                                      |       | $                                           | (0.86      | ) | $ | (0.86 | ) | $ | 0.04 |   | $ | 0.04 |   | $ | (0.64 | ) | $ | (0.64 | ) |

 

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